South Korea’s job increases rebounded in April with growth in the manufacturing sector at a 17-month high on strong exports amid the semiconductor industry’s recovery, although the number of jobless rose to the largest in more than three years.The number of employed r
2 HOURS AGO
South Korea will ban products purchased online through overseas shopping platforms but without the KC certification amid growing concerns about product safety, particularly goods on Chinese online shopping malls such as AliExpress, Temu and Shein.Following a ministers’ meet
3 HOURS AGO
SeAH Group, South Korea’s major steel group said to be a steel supplier to SpaceX, is set to foray deeper into the US, the world’s biggest specialty metal market, with a $155.3 million investment to build a special alloy plant amid the escalating global space race.SeA
17 HOURS AGO
Woori Financial Group Inc., the fourth-largest financial holding group in South Korea, and India’s top commercial vehicle maker Tata Motors Ltd. entered into a non-binding agreement on Thursday to strengthen their business ties for automotive financing services in India and Southeast Asia.Woori aims to launch its car financing services for Tata’s partner companies and increase its presence in the auto finance markets in India, Vietnam
18 MINUTES AGO
COMPANIES
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Korean foodLotte Wellfood, Studio Dragon to collaborate on K-contentsSouth Korea's Lotte Wellfood Co. announced on Thursday that it signed a memorandum of understanding (MOU) with K-drama producer Studio Dragon to collaborate on content creation and marketing efforts for the global market.This is the first business ag
12 MINUTES AGO
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Banking & FinanceKorea Eximbank provides $120 mn credit to CambodiaThe Export-Import Bank of Korea (Eximbank) said on Friday that it signed an agreement with the Ministry of Finance of Cambodia to provide a foreign economic cooperation fund (EDCF) credit of $120 million for a road improvement project. The agreement
2 HOURS AGO
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K-popNewJeans' Ditto hits 600 mn streams on SpotifyDitto by K-pop girl group NewJeans has surpassed 600 million streams on Spotify.Spotify, the world's largest music streaming platform, announced on Friday that the single Ditto from NewJeans' album OMG has been streamed 600,211,727 times as of May 15
3 HOURS AGO
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Business & PoliticsKCCI, KACCLA to support companies expanding into USThe Korea Chamber of Commerce and Industry (KCCI) partnered with the Korean American Chamber of Commerce of Los Angeles (KACCLA) to address the challenges faced by companies expanding into the US.KCCI signed on Thursday a memorandum of understanding
21 HOURS AGO
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KOREAN INVESTORS
As the Federal Reserve signaled delays in rate cuts after meeting earlier this month, more investors have adopted for a wait-and-see attitude. Those who were bullish on rate cuts expected that global M&A deal volume, which fell to a 10-year low l
24 HOURS AGO
Cho Man Chul, managing director and head of investment banking at Deutsche Bank in Korea, has resigned, according to people with knowledge of the matter on Sunday, following the departure of Seungeun Ahn as its country manager in South Korea in Janua
May 13, 2024 (Gmt+09:00)
Macquarie Group has named two executives at its Seoul-based real asset investment unit, which manages the main Kospi-listed Macquarie Korea Infrastructure Fund that has a 5.57 trillion won ($4.1 billion) market cap as of May 10.According to banking s
May 10, 2024 (Gmt+09:00)
South Korean asset manager DSC Investment has formed the country’s largest-ever fund for venture capital secondaries to explore opportunities for undervalued startup stocks. The leading VC firm, which has invested in game publisher Kakao Games
May 09, 2024 (Gmt+09:00)
The National Pension Service (NPS), South Korea’s state-run pension fund, is introducing a new simplified asset allocation guideline under which it aims to increase its purchase of risky assets, including stocks and alternative asset products.I
May 02, 2024 (Gmt+09:00)
M＆A
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Private equityAffinity starts 2nd bid for food container maker Lock&LockMay 16, 2024 (Gmt+09:00)
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Shipping & ShipbuildingHanwha buys Dyna-Mac’s stake for $74 mn from KeppelMay 13, 2024 (Gmt+09:00)
1 Min read -
Real estateTaeyoung to sell local hotel to speed up debt workoutMay 12, 2024 (Gmt+09:00)
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ECM/DCM
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EntertainmentNetmarble sells stake in BTS label HYBE stake for $161 mnMay 10, 2024 (Gmt+09:00)
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Future mobilityHyundai to spend $923 mn on self-driving JV MotionalMay 03, 2024 (Gmt+09:00)
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MARKETS
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Korean stock marketRecord $259 bn yet to find investment targets in S.Korea
South Koreans parked a record 350 trillion won ($259 billion) in cash-equivalents such as money market funds (MMFs) as they failed to find investment targets in the domestic stock and property markets amid uncertainties in interest rate cuts and government policies.The total balance of MMFs that invest in short-term debt securities such as treasury
May 16, 2024 (Gmt+09:00)
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Korean stock marketMSCI Korea Index adds Alteogen, Enchem, HD Hyundai Electric
South Korea's Alteogen Inc., Enchem Co., and HD Hyundai Electric Co. will be added to the Morgan Stanley Capital International (MSCI) Korea Index.MSCI, a global stock index provider, announced on Wednesday that Alteogen Inc., Enchem Co., and HD Hyundai Electric Co. will join the MSCI Korea Index on May 13.Hanon Systems Corp., Kakao Pay Corp., Kangw
May 16, 2024 (Gmt+09:00)
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Banking & FinanceLiquidity crisis looms at Korea's M Capital amid PF debacle
South Korea's financing and finance leasing firm M Capital Co. is facing a growing risk of liquidity crunch as its attempts to refinance maturing debts have hit a snag following its credit outlook downgrade amid the country’s ongoing real estate project financing debacle.According to the country’s investment banking (IB) industry on Mon
May 14, 2024 (Gmt+09:00)
3 Min read
South Korea’s household lending growth hit a five-month high in April as mortgage loans increased amid signs of a recovery in the property market, reigniting concerns that the rising consumer debt may derail Asia’s fourth-largest economy.The outstanding balance of household loans at banks grew 5.1 trillion won ($3.7 billion) to 1,103.6
May 13, 2024 (Gmt+09:00)
CULTURE ＆ TRENDS
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Korean foodOverseas Korean food fans choose soju, bibimbap as favoritesMay 10, 2024 (Gmt+09:00)
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Travel & LeisureChinese group tours to Korea poised for strong revivalMay 09, 2024 (Gmt+09:00)
3 Min read
PERSPECTIVES
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The KED ViewKorea: Underrated as seat of commercial arbitrationMay 10, 2024 (Gmt+09:00)
2 Min read -
The KED ViewJapan’s South Korea bashing? Naver is not China’s TikTokMay 10, 2024 (Gmt+09:00)
3 Min read
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